CAR car dealership is offering free credit on a new $10,000 car. You pay $1,000 down

profileaccounting teacher
 (Not rated)
 (Not rated)
Chat

CAR car dealership is offering free credit on a new $10,000 car.  You pay $1,000 down and then $300 a month for 30 months.  Another dealership does not offer free credit but will give you $1,000 off the list price.  If the rate of interest is 10% per year, which dealership offers the better deal?

    • 11 years ago
    CAR car dealership is offering free credit on a new $10,000 car. You pay $1,000 dow
    NOT RATED

    Purchase the answer to view it

    blurred-text
    • attachment
      a_car_dealership_is_offering.doc